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Spotify Closes Above $400 for the First Time, Pushing Valuation Past $80 Billion
Legendary Music Producer Quincy Jones passes away at 91

Spotify Closes Above $400 for the First Time, Pushing Valuation Past $80 Billion

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Spotify’s stock price has been on a promising upswing, with analysts setting ambitious targets as shares edge near $400. The last time SPOT approached this mark was in early 2021, fueled by high-profile content deals, but concerns over profitability and market pressures pulled it down to the $70s in 2022. Under CEO Daniel Ek’s direction, Spotify shifted focus to profitability, cutting unnecessary expenditures. Analysts are optimistic, with targets ranging up to $490 from firms like Morgan Stanley and Deutsche Bank, driven by projected subscriber growth, podcasting, and ad revenue.

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